FINANCE NOTE

Braze (NASDAQ: BRZE) — Q2 FY2027 Post Earnings

Operations

As of September 8, 2026
Q2 Revenue ↑ 26.2% YoY $227.2M
Divisions
Subscription 91.4%
Professional services and other 8.6%

Key Earnings Driver: Professional Services and Other

Subscription revenue increased 20.9% to $207.7M, and Professional services and other revenue increased 136.1% to $19.6M. Management said adoption of BrazeAI Decisioning Studio, BrazeAI Operator and Agent Console was accelerating.

Key Operating Metrics¹

METRIC

STATUS

Subscription

BrazeAI Decisioning Studio

BrazeAI Operator

Agent Console

Professional services and other

🟢 Scaling

Product Mix

AI decisioning
cross-channel messaging
customer engagement platform
data platforms
journey orchestration

Key Financial Metrics

Gross Margin 66.80% -0.9 pp YoY
Backlog / Rev. 480.9% 4.80x Qtr Rev
CapEx Intensity 1.09% 0.01x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Braze website and/or SEC filings for Q2, with status based on reported data.